UPDATE: Reynolds Responds to Imperial Tobacco Announcement: Confirms Discussions Related to Possible Deal with Lorillard
Lorillard, Inc. (NYSE: LO)
today confirmed that Lorillard and Reynolds American Inc. (NYSE: RAI) ("RAI")
are engaged in discussions regarding RAI's potential acquisition of
Lorillard. In connection with that transaction, RAI and Lorillard are in
discussions with Imperial Tobacco Group PLC regarding the potential
sale of certain assets and brands owned by RAI and Lorillard to Imperial.
No agreement has been reached and there can be no assurances that any
transactions will result.
Unless circumstances dictate otherwise, Lorillard does not intend to make any
additional comments regarding this matter.
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